Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. The company's SGK Brand Solutions segment offers brand management and pre-media services, printing plates and cylinders, engineered products, imaging services, digital asset management, merchandising display systems, and marketing and design services primarily for the consumer goods and retail industries. Its Memorialization segment manufactures and markets a range of memorialization products for use in cemeteries, funeral homes, and crematories. This segment offers cast bronze memorials, flush bronze and granite memorials, upright granite memorials and monuments, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features and statues, caskets, community and family mausoleums, bronze plaques, letters, emblems, vases, lights, and photo ceramics, as well as architectural products to identify or commemorate people, places, events, and accomplishments. The company's Industrial Technologies segment designs, manufactures, and distributes marking and coding equipment and consumables, industrial automation products, warehouse automation systems, and order fulfillment systems for identifying, tracking, picking, and conveying consumer and industrial products. This segment serves manufacturers, suppliers, and distributors of durable goods and building products; consumer goods manufacturers; and pharmaceutical producers. Matthews International Corporation was founded in 1850 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year: 1994
Exchange: NASDAQ
Website: matw.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/31/2021 | $60.00 | Buy | Sidoti |
Sidoti initiated coverage of Matthews with a rating of Buy and set a new price target of $60.00
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8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
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10-Q - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
8-K - MATTHEWS INTERNATIONAL CORP (0000063296) (Filer)
Fiscal 2024 Third Quarter Financial Highlights: Outstanding debt reduced by $12.6 million during the quarter3rd Quarter GAAP EPS of $0.06; non-GAAP adjusted EPS of $0.56SGK Brand Solutions segment reports sales growth for the quarterEnergy storage sales impacted by customer delaysCompany announces cost reduction initiativesWebcast: Friday, August 2, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its third quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 third quarter, Joseph C. Bartolacci, President and Chief Executiv
PITTSBURGH, July 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock. The dividend is payable August 19, 2024 to stockholders of record August 5, 2024. About Matthews International Corporation Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions; product identification and warehouse automation
PITTSBURGH, July 12, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its third quarter fiscal year 2024 earnings results after the market closes on Thursday, August 1, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO, Steven F. Nicola, Chief Financial Officer, and William D. Wilson, Senior Director, Corporate Development. A question-and-answer session will follow. Third Quarter Fiscal Year 2024 Conference Call Friday, August 2, 20249:00 a.m. Eastern TimePhon
Fiscal 2024 Second Quarter Financial Highlights: Outstanding debt reduced by $19.6 million; net debt lower by $27.2 millionGAAP earnings per share of $0.29, consistent with a year agoNon-GAAP EPS increased to $0.69, compared to $0.65 a year agoSGK reports current quarter sales and adjusted EBITDA higher than a year agoEnergy storage sales also higher than last year; reflects orders from multiple customers PITTSBURGH, May 02, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its second quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 second quarter, Joseph C. Bartolacci, President and Chief
PITTSBURGH, April 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock. The dividend is payable May 20, 2024 to stockholders of record May 6, 2024. About Matthews International Corporation Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions; product identification and warehouse automation techn
PITTSBURGH, April 08, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its second quarter fiscal year 2024 earnings results after the market closes on Thursday, May 2, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO, Steven F. Nicola, Chief Financial Officer, and William D. Wilson, Senior Director, Corporate Development. A question-and-answer session will follow. Second Quarter Fiscal Year 2024 Conference Call Friday, May 3, 20249:00 a.m. Eastern TimePhone:
Fiscal 2024 First Quarter Financial Highlights: Consolidated sales of $450.0 million, compared to $449.2 million a year agoIndustrial Technologies and Memorialization report another quarter of sales growthAdjusted EBITDA for SGK Brand Solutions higher than a year agoCompany renews $750 million revolving credit facility in January 2024Fiscal 2024 outlook remains unchanged PITTSBURGH, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its first quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 first quarter, Joseph C. Bartolacci, President and Chief Executive Officer, stated: "Our ope
PITTSBURGH, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock. The dividend is payable February 19, 2024 to stockholders of record February 5, 2024. About Matthews International Corporation Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions; product identification and warehouse automat
PITTSBURGH, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its first quarter fiscal year 2024 earnings results after the market closes on Thursday, February 1, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO, Steven F. Nicola, Chief Financial Officer, and William D. Wilson, Senior Director, Corporate Development. A question-and-answer session will follow. First Quarter Fiscal Year 2024 Conference Call Friday, February 2, 20249:00 a.m. Eastern Time
Financial Highlights: Consolidated sales in fourth quarter increased $23.1 million, or 5.0%Industrial Technologies sales 34% higher for the quarter; FY2023 sales exceed $500 million, compared to $335.5 million for FY2022All three business segments reported higher adjusted EBITDA for the quarterCompany expects continued earnings growth and strong cash flow in fiscal 2024Webcast: Friday, November 17, 2023, 9:00 a.m., (201) 689-8471 PITTSBURGH, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for the quarter and fiscal year ended September 30, 2023.
Fiscal 2024 Third Quarter Financial Highlights: Outstanding debt reduced by $12.6 million during the quarter3rd Quarter GAAP EPS of $0.06; non-GAAP adjusted EPS of $0.56SGK Brand Solutions segment reports sales growth for the quarterEnergy storage sales impacted by customer delaysCompany announces cost reduction initiativesWebcast: Friday, August 2, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its third quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 third quarter, Joseph C. Bartolacci, President and Chief Executiv
PITTSBURGH, July 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock. The dividend is payable August 19, 2024 to stockholders of record August 5, 2024. About Matthews International Corporation Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions; product identification and warehouse automation
PITTSBURGH, July 12, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its third quarter fiscal year 2024 earnings results after the market closes on Thursday, August 1, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO, Steven F. Nicola, Chief Financial Officer, and William D. Wilson, Senior Director, Corporate Development. A question-and-answer session will follow. Third Quarter Fiscal Year 2024 Conference Call Friday, August 2, 20249:00 a.m. Eastern TimePhon
PITTSBURGH, June 17, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW). On Friday evening, June 14, 2024, Tesla filed a complaint in Federal District Court in the Northern District of California. The claims stated in this threadbare complaint are utterly without merit and we intend to vigorously defend the matter. Notably, the complaint vaguely references trade secrets, but fails to identify even one trade secret that Tesla purportedly disclosed to Matthews. We are continuing to evaluate this complaint and may pursue legal remedies. Contrary to the allegations in the complaint, Tesla's lawsuit is simply a new tactic in their ongoing efforts to bully Matthews a
PITTSBURGH, May 15, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced that the company is scheduled to participate in B. Riley Securities 24th Annual Institutional Investor Conference to be held at the Beverly Hilton Hotel in Beverly Hills, CA, on Wednesday, May 22, 2024. The presentation materials utilized during the conference will be available on the investor relations website of Matthews' website at www.matw.com. Joe Bartolacci, President and CEO, and Steve Nicola, CFO, will be holding a round-table session and hosting one-on-one meetings with investors while at the conference. For those interested in arranging one-one-one meetings
Fiscal 2024 Second Quarter Financial Highlights: Outstanding debt reduced by $19.6 million; net debt lower by $27.2 millionGAAP earnings per share of $0.29, consistent with a year agoNon-GAAP EPS increased to $0.69, compared to $0.65 a year agoSGK reports current quarter sales and adjusted EBITDA higher than a year agoEnergy storage sales also higher than last year; reflects orders from multiple customers PITTSBURGH, May 02, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its second quarter of fiscal 2024. In discussing the results for the Company's fiscal 2024 second quarter, Joseph C. Bartolacci, President and Chief
PITTSBURGH, April 26, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company") today announced that Francis Wlodarczyk has been appointed to the Company's Board of Directors. Mr. Wlodarczyk brings 35 years of experience in industrial automation, working with global and regional manufacturers in many industries, including automotive, material handling, packaging and consumer products. Most recently, Mr. Wlodarczyk served as Senior Vice President, Intelligent Devices at Rockwell Automation located in Milwaukee, Wisconsin. In this role, he led a multi-billion-dollar global business, responsible for strategic direction, growth, and profitabi
PITTSBURGH, April 24, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock. The dividend is payable May 20, 2024 to stockholders of record May 6, 2024. About Matthews International Corporation Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions; product identification and warehouse automation techn
PITTSBURGH, April 08, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW) today announced plans to release its second quarter fiscal year 2024 earnings results after the market closes on Thursday, May 2, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its outlook. Participating in the call will be Joseph C. Bartolacci, President and CEO, Steven F. Nicola, Chief Financial Officer, and William D. Wilson, Senior Director, Corporate Development. A question-and-answer session will follow. Second Quarter Fiscal Year 2024 Conference Call Friday, May 3, 20249:00 a.m. Eastern TimePhone:
PITTSBURGH, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews"), a global provider of industrial technologies and renewable energy equipment, today announced the relocation of its bipolar plate manufacturing and prototyping operations (under the brand name Terrella Energy) to its site in Burlington, North Carolina. The new site is strategically located within the Southern Automotive Corridor with close proximity to several electric vehicle automakers and battery manufacturers. Having received one of eight grants from the North Carolina Rural Infrastructure Authority (RIA) to invest in rural communities, Matthews' award will support
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- Dow Jones
Tesla Inc. (NASDAQ:TSLA) has reportedly initiated a legal battle against its former supplier, Matthews International Corp (NASDAQ:MATW), accusing the company of misappropriating trade secrets. This lawsuit, filed in the U.S. District Court for the Northern District of California, centers on allegations that Matthews shared proprietary battery manufacturing technology with Tesla’s rivals, reported Reuters. The legal action claims that Matthews International caused damages potentially exceeding $1 billion due to the alleged misuse of Tesla’s innovative dry electrode battery technology. This technology is crucial for enhancing the performance and cost-efficiency of batteries, a core co
Matthews International (NASDAQ:MATW) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.46 by 50 percent. This is a 6.15 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $471.223 million which beat the analyst consensus estimate of $469.379 million by 0.39 percent. This is a 1.74 percent decrease over sales of $479.580 million the same period last year.
Gainers Paylocity Holding (NASDAQ:PCTY) stock increased by 12.3% to $168.0 during Thursday's after-market session. The company's market cap stands at $9.4 billion. The company's, Q3 earnings came out today. iSun (NASDAQ:ISUN) shares moved upwards by 5.03% to $0.15. Richtech Robotics (NASDAQ:RR) stock rose 4.47% to $1.4. The company's market cap stands at $92.7 million. Matthews International (NASDAQ:MATW) stock moved upwards by 4.01% to $28.21. The market value of their outstanding shares is at $865.5 million. As per the press release, Q2 earnings came out today. Velo3D (NYSE:VLD) stock rose 3.86% to $0.24. The market value of their outstanding shares is at $70.7 million. Greenwave Tec
As the day concludes, Matthews International (NASDAQ:MATW) is preparing to distribute a dividend payout of $0.24 per share, resulting in an annualized dividend yield of 2.82%. This payout is exclusive to investors who held the stock before the ex-dividend date on February 02, 2024. Matthews International Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
B. Riley Securities analyst Liam Burke maintains Matthews International (NASDAQ:MATW) with a Buy and lowers the price target from $61 to $59.
Matthews International (NASDAQ:MATW) reported its Q1 earnings results on Thursday, February 1, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Matthews International reported in-line EPS of $0.37 versus an estimate of $0.37. Revenue was up $746 thousand from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.06 which was followed by a 3.85% drop in the share price the next day. Here's a look at Matthews International's past performance: Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023 EPS Estimate 0.90 0.63 0.51 0.54 EPS Actual 0.96 0.74 0.65 0.53 Revenue Estimate 483.00M 464.28M 448.14M 431.60M Revenue Ac
PITTSBURGH, April 26, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" or the "Company") today announced that Francis Wlodarczyk has been appointed to the Company's Board of Directors. Mr. Wlodarczyk brings 35 years of experience in industrial automation, working with global and regional manufacturers in many industries, including automotive, material handling, packaging and consumer products. Most recently, Mr. Wlodarczyk served as Senior Vice President, Intelligent Devices at Rockwell Automation located in Milwaukee, Wisconsin. In this role, he led a multi-billion-dollar global business, responsible for strategic direction, growth, and profitabi